324 Sturt StreetBallarat Central VIC 3350
Property Details for 324 Sturt St, Ballarat Central
Last Listing description (May 2023)
Welcome to this historic two-story commercial building, situated in one of Ballarat's most highly regarded blocks of Sturt Street.
The ground floor of the building offers a large retail space at the shop front, currently leased at $500 per week, providing an excellent opportunity for generating income. Additionally, there is a kitchenette and bathroom area for extra convenience. At the rear of the ground floor, there is a spacious storage/workshop area, which has direct access from the rear lane, providing ease of access.
The top floor of this unique building has been thoughtfully renovated with stunning high-end finishes, making it an ideal space to generate further income as a stylish office or as accommodation (STCA). The top floor features a large open living space/bedroom with a kitchen sink and split system heating/cooling for comfort all year round. The gorgeous bathroom is complete with a toilet, walk-in shower, gold tapware, premium tiling, and a one-of-a-kind custom-built marble top vanity. The top floor also offers high ceilings and ornate cornices, encapsulating wallpaper, ducted vacuuming and premium wool carpet.
This stunning property is located in the heart of Ballarat Central, offering a unique opportunity for investors to acquire a premium space that combines functionality and luxury. Don't miss this chance to secure a beautiful commercial building with a rich history and character. Contact us today to arrange an inspection.
Property History for 324 Sturt St, Ballarat Central, VIC 3350
- 18 Jun 2024Sold for $662,000
- 03 May 2023Listed for Sale $745,000 - $775,000
- 31 Aug 2022Listed for Rent $333 / year
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About Ballarat Central 3350
The size of Ballarat Central is approximately 3.8 square kilometres. It has 5 parks covering nearly 3.7% of total area. The population of Ballarat Central in 2011 was 5,464 people. By 2016 the population was 5,333 showing a population decline of 2.4% in the area during that time. The predominant age group in Ballarat Central is 20-29 years. Households in Ballarat Central are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ballarat Central work in a professional occupation. In 2011, 56.8% of the homes in Ballarat Central were owner-occupied compared with 56.9% in 2016.
Ballarat Central has 4,392 properties. Over the last 5 years, Houses in Ballarat Central have seen a 20.83% increase in median value, while Units have seen a 24.85% increase. As at 30 November 2024:
- The median value for Houses in Ballarat Central is $632,760 while the median value for Units is $384,041.
- Houses have a median rent of $410 while Units have a median rent of $360.
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